R652-21-1006. Lithium Variable-Rate Royalty Schedule

(1) The Final Royalty Rate shall be a Variable-Rate Royalty. (2) A Variable-Rate Royalty applicable to Lithium Carbonate, Lithium Sulfate, or Lithium Hydroxide shall be adjusted quarterly. (3) The Variable-Rate Royalty Schedule is as follows: TABLE Final Royalty Rate Average Sale Price Base Rate Non-Evaporative Rate < $20,000 5.0% 2.5% $20,000 - $35,000 7.5% 5.0% $35,001 - $45,000 12.5% 10.0% $45,001 - $55,000 17.5% 15.0% $55,001 - $65,000 22.5% 20.0% > $65,000 27.5% 25.0%